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Social Security and Retirement during Transition: Microeconometric Evidence from Slovenia. ENEPRI Research Reports No. 58, October 2008

Ahčan, Aleš and Polanec, Sašo. (2008) Social Security and Retirement during Transition: Microeconometric Evidence from Slovenia. ENEPRI Research Reports No. 58, October 2008. UNSPECIFIED.

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    Abstract

    This paper analyses old-age retirement decisions of Slovenian men and women eligible to retire in the period 1997-2003. In addition to established market economies, relatively high hazard rates of retirement are found, which decline with age. This peculiar pattern can be partly attributed to weak incentives to work inherent in the design of social security and is reflected in predominantly negative values of accruals and to transition-specific increases in wage inequality in the late 1980 and early 1990s. The authors also find that the probability of retirement increases with social security wealth and decreases with net wages, although the response to option value to work, with controlling for wage differences, is rather weak. The results also imply that less educated persons, persons with great private wealth and persons entitled to severance payment are more likely to retire.

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    Item Type: Other
    Subjects for non-EU documents: Countries > Slovenia
    EU policies and themes > Treaty reform > enlargement
    EU policies and themes > Policies & related activities > social policy > welfare state
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ENEPRI Research Reports
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 03 Sep 2009
    Page Range: p. 29
    Last Modified: 15 Feb 2011 18:14
    URI: http://aei.pitt.edu/id/eprint/11489

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